Jensen Huang, CEO of Nvidia, reassured investors of the company's pivotal role in the AI boom at the GTC conference, introducing the Blackwell Ultra chips. He emphasized the massive increase in computational power needed for advanced AI models over the past year. Huang claimed that the demand for AI processing capabilities has grown exponentially, changing the course of technology. Despite his confidence, Nvidia's stock fell over 3% following the conference due to ongoing investor uncertainties regarding AI chip necessity amidst competition from emerging firms.
Huang stated that the demand for computational power driven by advanced AI models has surged, stating it's 100 times more than anticipated last year.
Despite Huang's optimism at the GTC conference, Nvidia's stock dropped over 3% as investors are seeking clarity on the future demand for their chips.
Huang emphasized the evolving landscape of AI, declaring the transition from basic chatbots to reasoning models is transforming the industry's computational needs.
The unveiling of the Blackwell Ultra chip highlights Nvidia's commitment to staying at the forefront of AI technology, addressing skyrocketing demand.
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